China's Xianglu to start PTA turnaround earlier on tight PX supply

16 March 2011 09:35  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Xianglu Petrochemical plans to bring forward a turnaround at its 1.65m tonne/year purified terephthalic acid (PTA) plant at Xiamen, in southern China’s Fujian province, starting from the end of May because of tight paraxylene supply, a company source said on Wednesday.

The maintenance will last 15-20 days, he added. Xianglu Petrochemical had initially planned to roll out maintenance in the second half of the year.

“PX supply has been severely tightened due to major shutdowns in Japan after the quake,” the source said. An earlier turnaround could help the company to avoid potential cost risks in the coming few months, he added.

Xianglu would meanwhile cancel its seven-day maintenance plan due in late March, the source said.

The company had informed its customers that it would cut 50% of contracted commitments in June because of the shutdown.

Discussion levels for Asia spot PX surged to $1,810-1,820/tonne (€1,285-1,292) CFR Taiwan/or China Main Port on Wednesday, a sharp jump of $185/tonne from the previous week.

($1 = €0.71)

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By: Becky Zhang
+65 6780 4359

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